Types of Financial Aid

A variety
of resources are available to assist Capital Law students with funding their
education:

Federal
Loans

Scholarships

Federal
Work-Study

Veteran’s
Educational Benefits/GI Bill

Employer
Tuition Reimbursement

Private
Loans

Personal
Savings

The majority of financial aid funding comes from Federal Loans. In the 2015-2016 academic year, 95% of Capital Law students used federal loans to
fund a portion or all of their education and living expenses. We encourage all prospective and current
students to consider federal loans.

Law students are eligible for
two types of Federal loans: The Federal Direct Unsubsidized Stafford Loan and
the Federal Direct Graduate PLUS Loan.

Federal Direct Unsubsidized Stafford Loan

All students who are U.S.
citizens or eligible non-citizens are guaranteed a maximum of $20,500 per
academic year in Stafford Loan. Borrowers
do not need to pass a credit check to receive funding. The loan is assessed an origination fee by
the federal government on each disbursal and interest begins accruing as soon
as funds are disbursed.

Federal Direct Graduate PLUS Loans

Graduate PLUS loans may be used to cover the difference between the Cost of Attendance
for your program and all other financial aid. For example, if the total cost of attendance
for your program is $55,000 and you have a Stafford Loan of $20,500, you may be
eligible to borrow up $34,500 of Graduate PLUS.
Borrowers need to pass a credit check to qualify. The loan is assessed an origination fee by
the federal government on each disbursal and interest begins accruing as soon
as funds are disbursed.

All applicants admitted to the JD program are considered for Institutional Scholarships. Scholarship decisions are based primarily on
undergraduate academic performance and LSAT scores. Awards range from
$3,000 to $30,000. Funds are applied to
a student's account in two equal disbursements in the fall and spring
semesters. Scholarship funds are not
available for use during the summer term. These merit-based scholarships are
renewable each year if the student meets the minimum renewal criteria. Institutional scholarships cannot exceed the cost of tuition.

Continuing students have the opportunity to earn additional funds through
Endowed Scholarships. Endowed Scholarships are awarded per the
donor’s specific criteria. While some require
a formal application others may not. In
those cases, all students who meet the general criteria will be considered for
funding. The cycle for scholarships requiring an application begins early spring semester. Scholarship recipients are notified mid-summer and funds are applied to a student's account in two equal
disbursements in the fall and spring semesters.
Endowed Scholarship funds are not available for use during the summer and
in general, endowed scholarships are not renewable.

NOTE: Many endowed scholarships require that a student’s
financial need be considered. In order
to determine need, a review of the current FAFSA information is required. All students who wish to be considered for
endowed funds should complete an annual FAFSA.

All students may apply for Outside Scholarships. Capital University Law School maintains a
list of scholarships available through businesses, associations and private
donors from around the country. Amounts,
deadlines and criteria can be found on the individual organization websites. Capital University Law School receives new
scholarship information throughout the year. Students should regularly monitor this list.

Federal Work-Study
Students who demonstrate financial need have the opportunity to participate in
the Federal Work Study program. Students earn wages
while gaining useful skills as faculty research assistants, library
assistants and experience in a variety of administrative offices. If you are interested in participating in the
Federal Work-Study program, contact the Law School Office of Financial Aid.

Veteran’s Educational Benefits

Eligibility for veteran and dependent education benefits is determined by the US Department of Veterans Affairs. You must be admitted to the university and
registered for courses in a degree-seeking program before you can be certified
for veterans and dependent education benefits.
Eligible students must submit their Certificate of Eligibility from the
VA to the Financial Aid Office to be certified for benefits.

Capital
University Law School is proud to participate in the Yellow Ribbon Program which provides education benefits to military
veterans who have served on active duty since September 11, 2001.

Capital University provides matching awards up to $6,000 annually to
eligible veterans.

Employer Tuition Reimbursement

Capital University Law School offers matching funds of up to $5,250 per
year to students who receive employer tuition reimbursement. The CapLaw Partners program and the Professionals in Law program provide our working professionals the opportunity to reduce the cost
of obtaining a legal education.

Summer Aid:

If
you will need financial aid for your summer classes,the following checklist and information will be beneficial for successfully
processing aid in a timely manner. Please
see the checklist below:

File your FAFSA

Enroll (and attend) at
least half-time (4 credit hours) in courses at the same level as your program
to be eligible for aid.

Once you have received your
award letter outlining your loan eligibility you will complete a Summer Loan
Request form and return the form to the Office of Financial Aid. If you will be receiving a refund also
complete the Refund Request form.

Law
students will be eligible to borrow Federal Direct Graduate PLUS Loans during the summer semester
if they meet the enrollment requirement.

Alternative Loans:

Alternative
loans cannot exceed the Cost of Attendance for your program.Capital University Law School can only
provide financial aid (scholarships, discounts, federal aid, tuition match,
etc.) up to the cost of attendance for your program.

If you plan to cover tuition
and living expenses solely with funding provided through Capital, you will need
to budget accordingly so your expenses do not exceed the maximum amount of
financial aid provided by Capital.

Educational Loans may
come from federal loans (Stafford Unsubsidized or Graduate PLUS), or
alternative sources such as Sallie Mae, Discover, Wells Fargo, your bank or
credit union, and others. Educational loans will post to your Capital
account, but the total funding disbursed through Capital will not exceed your
program’s cost of attendance. Educational loans from alternative
lenders will not translate into additional refunds.

All students should examine
their budget and attempt to stay within the cost of attendance for their
program. However, if you plan to seek additional loans to cover living
expenses you will need to get a personal/private loan. This is
very different from an educational loan.

A personal loan is
money that the lender will forward to you directly. These loans are not
processed through Capital and do not require verification of enrollment.
Most personal loans require credit checks, interest rates will vary from lender
to lender and you will be required to make monthly payments on that
loan.

Carefully read the loan
agreement and payment schedules before accepting any loan. If you’re
unsure of the differences between an educational loan and a private loan,
please contact the Office of Financial Aid for assistance.